Brokerages Set The Boeing Company (NYSE:BA) PT at $222.41

Shares of The Boeing Company (NYSE:BA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-two brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $222.41.

Several equities research analysts have recently issued reports on BA shares. Wells Fargo & Company lowered their target price on shares of Boeing from $225.00 to $215.00 and set an "equal weight" rating for the company in a report on Thursday, February 1st. Bank of America decreased their price target on Boeing from $210.00 to $190.00 and set a "neutral" rating for the company in a research note on Thursday, April 11th. TD Cowen dropped their target price on shares of Boeing from $275.00 to $230.00 and set an "outperform" rating on the stock in a research report on Monday, March 25th. Sanford C. Bernstein lowered their price target on Boeing from $272.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 8th. Finally, Citigroup reduced their price objective on Boeing from $252.00 to $224.00 and set a "buy" rating for the company in a research note on Thursday, April 25th.

Boeing Price Performance

Shares of NYSE BA traded up $0.95 during mid-day trading on Friday, reaching $179.80. The company's stock had a trading volume of 5,412,527 shares, compared to its average volume of 9,631,278. The stock has a fifty day moving average of $184.16 and a two-hundred day moving average of $205.95. Boeing has a 52 week low of $159.70 and a 52 week high of $267.54. The firm has a market capitalization of $110.38 billion, a PE ratio of -50.65 and a beta of 1.54.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted ($1.75) earnings per share. Analysts anticipate that Boeing will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Blueprint LLC raised its holdings in shares of Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer's stock valued at $859,000 after purchasing an additional 264 shares in the last quarter. Orca Investment Management LLC increased its stake in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer's stock valued at $983,000 after purchasing an additional 195 shares during the last quarter. Morse Asset Management Inc raised its holdings in Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer's stock worth $1,533,000 after purchasing an additional 3,152 shares in the last quarter. Peregrine Asset Advisers Inc. lifted its position in Boeing by 1,335.3% in the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer's stock valued at $6,985,000 after acquiring an additional 33,904 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Boeing by 2.0% in the third quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer's stock valued at $198,781,000 after buying an additional 19,847 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.